Premium Essay

Bbbbbbbbbbbb

In: Business and Management

Submitted By romitchom
Words 15903
Pages 64
Opportunities for the
Foreign Investor in
U.S. Real Estate—
If Planning Comes First by Michael Hirschfeld and Shaul Grossman
Appeared in January 2001 edition of RIA’s
Journal of Taxation

© Copyright 2003 RIA. All rights reserved.

WG&L Journals
INTERNATIONAL

Opportunities for the Foreign Investor in U.S.
Real Estate—If Planning Comes First
Author: By Michael Hirschfeld and Shaul Grossman
MICHAEL HIRSCHFELD is a partner, and Shaul Grossman is an associate, in the
New York City office of the international law firm of Dechert. Mr. Hirschfeld is a member of the ABA Tax Section’s committees on Real Estate (of which he is the past
Chair), Foreign Activities of US Taxpayers, and US Activities of Foreigners & Tax
Treaties, among others, and has written for The Journal on many occasions.
Copyright © 2000, Michael Hirschfeld and Shaul Grossman.
The complexities of FIRPTA and the even broader withholding scheme that backs it up require that a nonresident acquire a thorough understanding of the rules before making an investment in real estate. The choice of whether to use an entity—and which one—or to hold the investment directly, as well as the type of investment—equity or debt—can have significant and sometimes expensive consequences.

Edited By Sanford H. Goldberg, J.D., and Herbert H. Alpert, J.D.
The global economy is a fact of life at the start of the new millennium. One consequence is that cross-border investments in real estate will expand significantly. Twenty years have elapsed since Congress enacted the Foreign Investment in Real Property Tax Act of
1980 (FIRPTA) to ensure that foreign investors are subject to at least one level of federal income tax when they dispose of U.S. real estate investments. Notwithstanding
FIRPTA’s simple, clear-cut directive, foreign investors still face a host of planning opportunities and potential…...

Similar Documents

Premium Essay

Babiboo

...BSCMS 2001-TOP4 MSDWC 2000-LIFE HFCMC 2000-PH1 GSMS 1999-C1 GMACC 1999-C3 FUNBC 2001-C2 BACM 2000-2 BSCMS 2000-WF2 LBUBS 2001-C2 PNCMA 2000-C1 JPMC 2000-C10 MSC 1999-FNV1 FUNBC 2000-C1 SBM7 2000-C1 BSCMS 1999-C1 CCMSC 2000-3 DLJMA 1997-CF1 LBCMT 1999-C2 LBUBS 2000-C4 LBCMT 1999-C1 CSFB 1997-C2 MSC 1998-HF2 MSC 1998-CF1 DLJCM 2000-CF1 NLFC 1998-2 PNCMA 1999-CM1 BSCMS 1999-WF2 CSFB 2001-CK6 GMACC 2001-C2 GMACC 1999-C2 CSFB 1998-C2 GMACC 1999-C1 Class F G E F F F E F J H F G F F F F G E F A3 F G E E F C B2 E B2 F H H G E E Current Moody’s Rating Baa3 Baa3 Baa3 Baa3 Baa3 Baa3 Baa3 Baa3 Baa3 Baa3 Baa3 Baa3 Baa3 Baa3 Baa3 Baa3 Baa3 A2 Baa3 Baa3 Baa3 Baa1 - Current Fitch Rating BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBA BBBBBBBBBBBBBBBBBB BBBBBBBBBBBB 30 Days Del (%) 1.31 0.00 0.33 0.00 0.00 3.47 1.09 5.88 0.00 0.00 0.00 0.17 1.31 1.05 3.07 0.24 1.68 0.00 0.00 0.00 0.00 0.00 0.41 0.94 0.00 0.98 3.35 0.39 0.17 0.00 0.02 0.00 0.00 0.00 0.23 60 Days Del (%) 0.00 0.00 0.00 0.23 0.00 0.10 2.21 0.22 0.00 0.00 0.00 0.00 1.43 0.55 0.00 0.00 0.00 0.00 0.35 0.26 0.00 0.84 0.00 5.98 0.00 2.82 1.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 90 Days Del (%) 2.50 0.00 0.84 0.26 1.55 0.72 2.68 1.34 0.22 0.00 2.01 0.53 1.27 0.55 0.36 0.00 1.82 1.37 1.43 4.38 0.35 0.18 0.24 0.00 0.82 0.74 0.43 1.32 0.00 1.68 0.07 0.56 5.66 0.00 2.62 FOR. (%) 0.00 0.00 1.63 0.00 0.00 0.00 0.51 0.00 0.00 0.00 0.00 0.00 0.00 0.38 1.58 0.00 0.00 0.00 0.50 1.93 2.06 0.08 0.00 0.00 0.00 3.91 0.00 0.00 0.00......

Words: 93545 - Pages: 375

Premium Essay

Emoty

...Blahb bbbbbbbb bbbbbbb bbbbbbbbb bbbbbbbbbb bbbbbbbbb b bb b bbb b bb b b b b b b b b b b b b b b bbbbbbbbbbbbbbbbbbb b b b bbbbbb b b b bbb bbb bbbb bbbbbbbb bbbbb bbb bbbbb bbbbbbbbbbbbbb b bbbbbbbbbbbbb bbbbbbbbbbbb bbbbbbbbbbbb bbbbbbbbbbbbbb bbbbbb bbbbbbbbb bbbbbbbbb bbbbbbb bbbb bbb bb bb bb bb bbbbb bbbb bbbb bbbb bbbbb bbbb bbbb bbbbb bbbb bbbb bbb bb bbb bb b b bbbbb bbb bbbb bbbbbb bbbbbb bbbbb bbbbbb bbbbbb bbbbbb bbbbb bbbbb bbbbb bbbbbb bbbbb bbbbb bbbbb bbbbb bbbbb bbbbb bbbbb bbbbb bbbbb bbbbb bbbbb bbbbb bbbbb bbbbb bbbbb bbbbb bbbbbb bbbbbb bbbbb bbbbbb bbbbb bbbbb bbbbb bbbbb bbbbb bb b b b b b b b b b b b b b b b b u hug yg y gy g ui gy g ui g uy gy bh ij hugytf ghb ji uhgy jhj iuhyg g hbjj uh ygg vjh jij uyg gv hbj uhh g h uhygu g h uhyg gvh hj uhyg gv vf gy hujn bvfc tgyuhjn b v cfgtg yuhjn km b vcfgg y hujnk o i9u89y t76fg hjb n c fxde4 56rt 7yuhj kn b vcfxd e45 56 78 ygg h ui 786 t gh ui 78 67 tfg hu h8 76 7tf g huh 8 7 67tf ygj jiu89 76t gh u7 6 t huh 8 7 6y u 87 6t tfg h gftt 67 gy y8u 8 uyu7g yg 8u 9 8uy gv ygu8 9 8uy gg hj i9 8u y7g v gy uh jhb gv yu j hbgvgy uij hbgvy uijn hbvgyu ij...

Words: 265 - Pages: 2